diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index d2e49885034..b5ded4ee0fa 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -6,7 +6,7 @@ import frappe
 from frappe.model.document import Document
 from frappe.utils.user import is_website_user
 
-__version__ = "16.2.0"
+__version__ = "16.3.0"
 
 
 def get_default_company(user=None):